Individually Owned 
For Sale
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Property summary
This landmark commercial building in Salamanca, NY, presents a unique investment opportunity. Located in the riverside business district, this 13,035 square foot, two-story property boasts stunning architecture and historical significance. Originally City Hall, it features magnificent exterior columns and an exquisite brick façade. The first floor offers 4,250 square feet of office space, including fireproof vaults, public restrooms, three mid-century modern conference rooms, a large library-style room, two private offices with river views, and a spacious cubicle area. Original woodwork and Terrazzo floors grace the lobby. The second floor comprises five residential apartments; three are currently tenant-occupied with transferable leases, one is used for storage, and one requires finishing. A full basement with an industrial overhead door provides ample storage. The property sits on a 0.13-acre lot and is zoned commercial. The asking price is $499,000 ($38.28/sq ft). Note: Brady & Swenson Trial Lawyers will be relocating. Sold AS-IS. MLS#B1553226.
Property profile
VerifiedCap rate & NOI
Current use
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Church
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Law Firm
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Nightclub Music Venue
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Randolph market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
03 - MULTI-FAMILY · Salamanca, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 03 - MULTI-FAMILY in Salamanca, NY.
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